The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.
Target Beneficiaries
The RAPID Programme is open to:
* Micro and small businesses operating in rural areas
* Community groups with projects focused on community development
Funding Features
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- Loan amount: Up to ₦10,000,000
- Loan tenor: Up to 3 years
- Interest rate: 5% per annum
Why You Should Apply
This programme offers a vital opportunity for rural entrepreneurs and community groups to access affordable financing to grow their businesses, expand production, improve local infrastructure, and contribute to Nigeria’s economic development.
Click HERE to Apply
